Popular economist Alex Krüger is currently cryptocurrency His general view for the market is “maximum long”. stated.
Alex KrügerIn his post on his account,
The economist shared his new strategy, stating that he wanted to “get rid of risk” soon. With this, Bitcoin He also acknowledged that the price could fall as low as $52,000 after falling below $59,000. BTC is trading at $57,093 at the time of writing and has lost more than 4.5% in the last 24 hours.
“I am not immune to bear attack. My overall view has not changed. New ATHs (for Bitcoin) later in the year. End-of-cycle views make little sense to me. “A correction in cryptocurrencies was expected.”
The Economist also supports Solana (SOL), Toncoin (TON), Aptos (APT), and Core (CORE) layer-1 blockchains, as well as the decentralized data storage protocol Arweave (AR) and a decentralized blockchain platform focused on machine learning and artificial intelligence. He states that he has positions in Bittensor (TAO).
Krüger adds that APT, CORE, AR and TAO are “much higher risk” compared to SOL and TON.
The economist also notes that Bitcoin and the cryptocurrency market showed a bearish reaction to Wednesday’s US Federal Open Market Committee (FOMC) statement.
“It is very rare for the price to completely reverse immediately after the press conference ends. And because the FOMC was dovish, it was bearish. And now you have trapped long intraday positions. The only silver lining is that BTC will trade parallel to stocks.”
